Wednesday’s upside rejection was extended yesterday. But the downside was limited and found some fresh buyers at Tuesday’s Marabuzo line. This kept AUDUSD broadly within the 13/200 day mvg avg area, despite net losses for the 1st time in 4 days. So, signals for sentiment cannot be strong but it is the limited setback, coupled with Asian demand that leaves studies positive.
There is scope through .7270 to .7301 and .7326. Setbacks near .7217 should find buyers and only below .7180 is negative.